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FINANCIAL NEWS
Egypt to allocate USD0.3bn for New El Alamein development
10 Jul 2016
(MENAFN) Egypt estimated that the investment needed to develop New El Alamein city in 2016/17 would amount to almost USD0.34bn.
Additionally, the first phase of the city project will be on 8,000 feddans, which will include the tourist area, part of the downtown area and the city’s residential area.
Furthermore, the government also allocated USD59.41bn from the state budget in order to implement development projects and infrastructure like roads.
On the other hand, the country will outline the first primary plan of the first phase and establish a drinking water desalination plant.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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